Review of Accounting Studies-March 2015, Volume 20, Issue?1, pp 501–536

CEO内部債務持有對财務報告質量的影響

作者：Guanming He (University of Warwick)

摘要：本文研究CEO内部債務持有對财務報告質量的影響。我發現更高的CEO内部債務持有與較低的超常應計相關聯，應計的質量更高，盈餘錯報的可能性更低，并且戰勝盈餘基準的發生率也更低，這表明CEO内部債務促進更高的财務報告的質量。額外的分析表明：（1）CEO内部債務持有減少了本公司特有的股價崩盤風險；（2）對于CEO内部債務較大的公司，審計人員不太可能報告其重要的内部控制薄弱點。

關鍵詞：CEO内部債務持有，異常應計，應計質量，盈餘錯報，戰勝盈餘基準

The effect of CEO inside debt holdings on financial reporting quality

Guanming He (University of Warwick)

ABSTRACT

This study investigates the effect of CEO inside debt holdings on financial reporting quality. I find that higher CEO inside debt holdings are associated with lower abnormal accruals, higher accruals quality, a lower likelihood of an earnings misstatement, and a lower incidence of earnings benchmark beating, suggesting that CEO inside debt promotes high financial reporting quality. Additional analyses reveal that (1) CEO inside debt holdings reduce firm-specific stock price crash risk, and that (2) auditors are less likely to report a material internal control weakness for firms that have large CEO inside debt.

Keywords: CEO inside debt holdings, Abnormal accruals, Accruals quality, Earnings misstatement, Earnings target beating

原文鍊接：http://xueshu.baidu.com/s?wd=paperuri%3A%28f85aedf8e116867483dfcf46c6436637%29&filter=sc_long_sign&tn=SE_xueshusource_2kduw22v&sc_vurl=http%3A%2F%2Flink.springer.com%2Farticle%2F10.1007%2Fs11142-014-9305-8&ie=utf-8&sc_us=3415836630903293592

翻譯：黃濤